3 bedroom detached for sale

£725,000 Offers in excess of

3

Bedrooms

1

Bathrooms

Floorplan

'''LOCATION LOCATION'''

Acorn are thrilled to bring to the market this mid-terrace house located on the sought after Horniman Drive, and these houses do not come up often so it is a rare opportunity just a few steps away from the much loved Horniman Museum and Gardens, this spacious three bedroom mid-century family home offers generous living across three levels, with far-reaching views across the London skyline. It is perfect for those moving to the area and wanting to add their own stamp.

The property features a private entrance, entrance hall, separate W.C., entrance to the garage and a spacious living room with spectacular views. The lower ground floor boasts a bright and airy kitchen diner that opens directly onto a private rear garden ideal for entertaining or relaxing. Upstairs, youll find three double bedrooms, and a family bathroom. The property also boasts ample storage, off street parking and an abundance of natural light through the large windows.

Families will love the excellent local education options. Within a mile are Fairlawn Primary, Horniman Primary, St Francesca Cabrini and Honor Oak Pre-school, while top-rated independents such as Dulwich College, Alleyns, and St Dunstans are also nearby.

The surrounding area is full of charm and convenience, with local favourites like The Teapot. Green spaces abound, and Forest Hill Station is within easy reach, offering swift Overground and rail connections to London Bridge, Shoreditch, Victoria, and beyond.

This is a rare opportunity to own a versatile family home in one of South East Londons most desirable and well-connected neighbourhoods.

Council Tax: Band E | EPC: D | Freehold

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Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 600825

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 18125
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 57075
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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